AnnetteB6
Expert Alumni

Deductions & credits

For tax years 2018 through 2025, personal casualty losses (such as from a fire) have been suspended.  The Tax Cuts and Jobs Act passed in 2017 made this change.  So, you are correct that the casualty must have been from a declared disaster.  

 

The source for this statement is IRS Publication 547 on page three of the document under the heading Deductible Losses.

 

@Stephanie59 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"